GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of A Bbl

The average cost of a Brazilian butt lift (BBL) procedure in the United States typically ranges from $8,000 to $10,000.

Last Updated: June 23, 2024

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In this post, we will explore a comprehensive overview of the average costs of a barrel of oil across different countries and years. From the significant fluctuations in oil prices to the varying averages in different regions, we will analyze the data to provide insight into the dynamic nature of the oil market.

Statistic 1

"The average cost of a barrel of oil in 2020 was roughly $39.68."

Statistic 2

"According to U.S. EIA, as of September 28, 2021, the average price per barrel of oil is $75.45."

Statistic 3

"In 2019, the global average price of a barrel of oil came to around $64.04."

Statistic 4

"The UK’s oil barrel cost averaged at $43.73 in 2016."

Statistic 5

"In Canada, the cost of a barrel of oil reached its lowest record at $5.43 in 2020."

Statistic 6

"The average cost of crude oil per barrel was $20.99 in 1997."

Statistic 7

"The average price of a barrel of oil in 2008 reached a record high of $133.88."

Statistic 8

"In Russia, the average cost of a barrel of oil was $42.58 in 2021."

Statistic 9

"Nigeria's average barrel cost in 2020 came out to around $43.61."

Statistic 10

"The average cost of a barrel of oil in Saudi Arabia is estimated to be $10."

Statistic 11

"The average barrel of oil cost in Iran as of 2020 was $10.00 to $15.00."

Statistic 12

"In Iraq, the average cost of oil production per barrel is approximately $10.70."

Statistic 13

"As of June 2021, UAE's average cost of oil per barrel was about $12."

Statistic 14

"In 2020, the average cost per barrel of oil in Kuwait was about $8.50."

Statistic 15

"In January 2016, the cost of a barrel of oil in the U.S. plunged to $26.21."

The statistics presented highlight significant fluctuations in the average cost of a barrel of oil across various countries and years. The data shows a wide range of prices, from as low as $5.43 in Canada in 2020 to a record high of $133.88 in 2008. These variations can be attributed to factors such as global economic conditions, geopolitical events, and supply and demand dynamics in the oil market. It is evident that the cost of oil is a volatile and complex metric that is influenced by a multitude of factors beyond simple supply and demand.